How do I create a new account under Long-term Liabilities on the Chart of Accounts page?

To create a new account under Long-term Liabilities on the Chart of Accounts page, follow these steps:

1. Navigate to your Chart of Accounts page.
2. Locate the Long-term Liabilities account type.
3. Create a new account with the code 27700 under the Long-term Liabilities account type.

How do I assign a new category to the 27700 Long-Term Liabilities account?

To assign a new category to the 27700 Long-Term Liabilities account, proceed as follows:

1. Access your Bank Transactions page.
2. Click on the 'ENTER CATEGORY' button.
3. Enter '27700' into the provided field.
4. Select the suggested 'New Category for 27700 Office Mortgage Repayments'.

How do I ensure the correct parent category for the new category?

When creating the new category, ensure that the parent category is correctly selected.

How do I categorise and confirm a bank transaction with the newly created category?

To categorise and confirm a bank transaction with the newly created category, follow these steps:

1. Assign the newly created category to the bank transaction.
2. Confirm the bank transaction with the newly created category.

What happens after I confirm the bank transaction?

Once the bank transaction is confirmed, it will appear as expected in the 27700 Office Mortgage Repayments account.